Supplier News

US – IGT’s 30 per cent stock price increase drives AGEM Index

The AGEM Index increased by 93.79 points in June 2023 to 1,050.77, a 9.8 per cent increase from the prior month. Compared to one year ago, the index was up 239.38 points, or 29.5 per cent.

During the latest month, 10 of the 12 AGEM Index companies reported stock price increases, which resulted in nine positive contributions and three negative contributions to the AGEM Index.
 
The largest positive contribution to the monthly index was sourced to International Game Technology, whose 30 per cent increase in stock price led to a 41.88-point gain to the index. Meanwhile, Aristocrat Leisure Limited saw its stock price increase by 4.2 per cent, leading to a 25.30-point gain for the index. The largest negative contribution to the index was sourced to Agilysys, whose 7.7 per cent decrease in stock price resulted in a 2.92-point loss for the AGEM Index.
 
The three major U.S. stock indices all experienced growth in June 2023. The NASDAQ increased by 6.6 per cent over the month, while the S&P 500 grew by 6.5 per cent. Meanwhile, the Dow Jones Industrial Average increased by 4.5 per cent from the prior month.